Lithuania: inflation hits 20%

Annual inflation in Lithuania reached 20.5% in June, according to preliminary estimates by Statistics Lithuania. Inflation was mainly influenced by an increase in the prices of foodstuffs and non-alcoholic beverages, housing, water, electricity, gas and other fuels, transportation. The preliminary monthly change in consumer prices was 2.2% in June compared with May. The indicators are…

Lithuania: leaders discuss sanctions on Kaliningrad transit

On June 27, Lithuanian President Gitanas Nauseda and the country’s leadership agreed on “key principles” for consultations with the European Commission on Kaliningrad transit sanctions. “There was unanimous agreement today on the key principles and provisions Lithuania should follow in order to clarify certain points to the European Commission,” presidential adviser Kestutis Budrys told reporters…

Lithuania: acute shortage of bus drivers looming

There is a shortage of around 1,000 bus and trolleybus drivers across Lithuania. With few new drivers entering the labour force, the problem is expected to get worse. “This is a shortage of public transport drivers everywhere – in all companies, in all regions, in all municipalities,” Gintaras Nakutis, head of the Passenger Transport Association,…

Lithuania: cash payments capped

Lithuanian lawmakers have tightened the existing rules and capped cash settlements between residents and businesses at 5,000 euros, with changes set to come into force in November. Any payments above the cap will only be allowed in a non-cash form. However, cash payments will still be allowed if one party does not have a bank…